property insurance

Property investors had an interesting year in 2012. According to the latest figures some £30 billion worth of property was bought across the whole of the UK during 2012. This represented a drop of 9% over the previous year. However the overall picture did not accurately represent the picture in London and elsewhere in

A Useful Guide For Landlords & HMO Regulations, And Important Tips About HMO Insurance This article covers the basic aspects of HMO Regulations, and HMO Insurance. The definition of a House in Multiple Occupation (HMO) can be confusing. An HMO property is one that is shared by a minimum of three tenants who create in

HMO stands for a “House in Multiple Occupation” and can be defined as an investment property that is let out to a minimum of three tenants forming more than one household but who, collectively, share a toilet, bathroom or kitchen. The property could be a flat or a whole house that can be made into

Since the new law which criminalizes squatting in residential properties came into effect on 1 September 2012, commercial properties have come under bigger threat. As this type of property is not covered by the law – squatting now carries a very substantial fine or jail time if the perpetrator is found guilty of trespass –

Landlord insurance is vital for anyone renting out a property, but it may come as a surprise to learn that malicious damage is in the top three categories of insurance claims by landlords. A report by TLI analyzing claims over the past two years has revealed that claims made for malicious damage reached £700,000. Sadly,

From 1 September 2012, squatting in a residential property becomes a criminal offence in England and Wales and will carry a maximum sentence of six months in prison. This may be replaced by a £5000 fine, or in certain circumstances, both will be levied. The law has not been clear on trespass but it is

A survey carried out by Market Bosworth based specialist insurance valuers, Barrett Corp & Harrington Ltd, has found that 96% of commercial buildings in the East Midlands have unsuitable levels of property insurance. To compound the problem, an average 73% rise in the existing sum insured is necessary to establish the correct level of commercial

Recent figures quote a staggering 1,700,000 homes and 130,000 commercial properties as being at risk from river or coastal flooding. This equates at current values to a total of over £200 billion. Currently, all properties are insurable at reasonable rates because of the Statement of Principles, agreed in July 2008, following several years of disastrous

As a tenant in a commercial building, you will have taken out your own insurance to make sure that your stock is protected and also that you have adequate protection for your staff in respect of your liability towards them. There will be an element of the rent, however, that will be going towards the

Empty Homes, the housing charity, has raised concerns that people are unaware of the clauses in many insurance policies which will leave property owners uninsured if they leave their property unoccupied. There are an estimated 930,000 empty properties in the UK and while their owners think they are covered, this unoccupied property insurance clause means